63 Montrose Ave - Apartments FOR SALE


Buffalo, NY 14214- University
$2,100,000 USD
716-874-3530
63 Montrose Ave, Buffalo, NY for Sale
$2,100,000 USD
Apartments - FOR SALE
1/8
null | 8.57% Cap Rate

63 Montrose Ave
Buffalo, NY 14214
University


HIGHLIGHTS

  • LONG TIME OWNER- WELL MANAGED ASSETS
  • 100% OCCUPANCY-LEASES INPLACE-VALUE ADD OPPORTUNITY / LEASES JOINT AND SEVERAL
  • EXCELLANT WALKING SCORES / COSE TO CAMPUS
  • MANAGMENT WILLING TO STAY ON WITH STAFF

OVERVIEW

SUPER VALUE ADD 8 BUILDING PACKAE OF STUDENT HOUSING PROPERTIES. ALL WALKING DOSTANCE TO UNIVERSITY AT BUFFALO MAIN ST. CAMPUS. 12 MONTH LEASES JOINT AND SEVERAL - 100% OCCUPIED, LEASE RENEWALS FOR 2026-27 STARTED INPLACE NOI = $180,000 / 8.6% CAP RATE GOING IN. CURRENT STAFFA AND MANAGEMENTWILLING TO STAY ON.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$787 USD /SF

# OF UNITS

15

PRICE/UNIT

$140,000

CAP RATE

8.57%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MONTROSE STUDENT HOUSING PACKAGE

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

-

APN/PARCEL ID

140200-079-380-0006-028-000

ASK ABOUT THIS PROPERTY

Michael BattagliaNetwork One RealtyMore Info
716-874-3530

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Michael BattagliaNetwork One RealtyMore Info
716-874-3530

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.